TRACTOR SUPPLY Reports Q2 Earnings Results for FY2023 Ending June 30 2023
August 27, 2023
🌥️Earnings Overview
On July 27th 2023, TRACTOR SUPPLY ($NASDAQ:TSCO) announced their earnings for Q2 of FY2023, which ended on June 30th 2023. Revenue for the quarter was USD 4184.7 million, representing a 7.2% increase from the same period last year. Net income grew 6.2% year-over-year to USD 421.2 million.
Market Price
On Thursday, TRACTOR SUPPLY reported their Q2 earnings results for FY2023 ending June 30 2023. The stock opened at $217.6 and closed the day at $223.6, representing an increase of 4.2% from the prior closing price of 214.5. This result was a reflection of the steady growth trend that TRACTOR SUPPLY has been experiencing in recent months as the company continues to expand its product offerings and customer base. TRACTOR SUPPLY is known for providing a wide range of products that cater to the needs of rural and agricultural communities. This includes everything from farm and ranch supplies to home improvement products and pet care services. As well as their physical stores, TRACTOR SUPPLY also has an impressive online presence that allows customers to purchase goods directly from their website.
Despite the pandemic, TRACTOR SUPPLY has been able to navigate the challenging business environment and remain profitable. This is largely due to their focus on providing a quality customer experience and making sure that their products are available when their customers need them. This quarter’s earnings report demonstrates that these efforts have been successful and are paying off. As TRACTOR SUPPLY continues to grow, the outlook for the company looks strong. With their robust product offerings and commitment to customer service, they are well-positioned to continue delivering strong financial results throughout FY2023 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tractor Supply. More…
| Total Revenues | Net Income | Net Margin |
| 14.76k | 1.11k | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tractor Supply. More…
| Operations | Investing | Financing |
| 1.51k | -1.17k | -251.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tractor Supply. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.03k | 6.95k | 19.18 |
Key Ratios Snapshot
Some of the financial key ratios for Tractor Supply are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.6% | 17.2% | 10.0% |
| FCF Margin | ROE | ROA |
| 4.4% | 45.9% | 10.2% |
Analysis
GoodWhale is here to provide insights into the financials of TRACTOR SUPPLY. After analyzing the company’s financials using our GoodWhale platform, we have concluded that TRACTOR SUPPLY is a low risk investment in terms of its business and financial aspects. Notably, we have detected 1 risk warning in the company’s balance sheet. Anyone who wants to take a deep dive into this risk warning can register on goodwhale.com to find out more. With GoodWhale’s help, investors can make informed decisions and understand the potential risks associated with investing in TRACTOR SUPPLY. More…
Peers
Tractor Supply Co. is an American retail chain of stores that offers products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine, and pet care. It is one of the largest retailers in the United States. The company competes with Murphy USA Inc, Michael Anthony Jewelers, Casey’s General Stores Inc.
– Murphy USA Inc ($NYSE:MUSA)
Murphy USA Inc is a publicly traded company that operates in the petroleum retail industry. The company has a market capitalization of $7.2 billion as of 2022 and a return on equity of 78.1%. Murphy USA Inc is headquartered in El Dorado, Arkansas, and was founded in 1996. The company operates over 1,400 retail locations in the United States, selling gasoline, diesel fuel, and convenience store products.
– Michael Anthony Jewelers ($OTCPK:MAJJ)
Casey’s General Stores Inc is a publicly traded company that operates convenience stores in the Midwestern United States. As of 2022, the company had a market capitalization of 8.59 billion dollars and a return on equity of 14.75%. Casey’s General Stores Inc is headquartered in Ankeny, Iowa.
Summary
TRACTOR SUPPLY reported strong financial results for Q2 of FY2023, ending June 30 2023, with a 7.2% year-over-year increase in total revenue to USD 4184.7 million and 6.2% year-over-year growth in net income to USD 421.2 million. Consequently, the stock price moved up on the same day. This impressive performance demonstrates the company’s strength and indicates that it is an attractive investment opportunity. With its well-executed strategies and steadily growing profits, TRACTOR SUPPLY appears to be a safe and lucrative investment for the long term.
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